NOT LISTED FOR SALE
-- Bed
-- Bath
1,704 Sq Ft
7,530 Sq Ft Lot

Last Sold April 19, 2021

Last sale price $400,000 $235 Per Sq Ft

18 Days on Market

About This Home

As of April 2021

We are honored to have been chosen to exclusively represent for sale, this unique opportunity to acquire this seven (7) unit apartment comprised of two (2) one bedroom, one (1) bathroom units and five (5) studios. Situated on a 7,530 sq.ft lot the offering has also 1709sq.ft of rentable square footage & is currently generating $45,840/Y with the potential to increase rents and earn $50,400/Y. The offering is also ideal for implementing RUBS which would increase your revenue by an additional $3704/Y. Do not miss out on this opportunity to acquire these units! they will go fast!

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 04/01/2021

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Taj Reynolds

Unknown Broker License #01987067

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 7,530 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 1,704 Sq Ft Home
  • 1-Story Property

Schools

  • College Heights Elementary School
  • Compton Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 12811114

Community Details

Overview

  • 7 Units

Building Details

  • Gross Income $45,840
  • Net Operating Income $27,422

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1926
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1704.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative,Other

Schools

  • High School: East
  • Middle Or Junior School: Compton

Lot Info

  • Lot Size Sq Ft: 7530.00
  • Parcel #: 12811114

Multi Family

  • Total Annual Expense: 18418.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 7
  • Annual Gross Income: 45840.00
  • Property Net Operating Income: 27422.00

MLS Schools

  • Elementary School: College Heights

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $400,000 -1.5% $235 / Sq Ft
04/01/2021 04/01/21 For Sale $405,999 +69.2% $238 / Sq Ft
11/17/2017 11/17/17 Sold $240,000 -4.0% $141 / Sq Ft
10/18/2017 10/18/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $249,900 -- $147 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202104311

Bakersfield Association of REALTORS® / GEMLS